Who is eligible to open a FSHA account with Interactive Brokers Canada?

The minimum age to open an account is 18. Customers between the ages of 18 and 21 are eligible to trade stocks in a Cash Account provided they meet all other requirements. For further details on Trade Requirements, please visit the IBKR website…

To open a Registered Retirement Income Fund (RRIF or Spousal RRIF), you must meet the following requirements:

• Residency: You must be a Canadian resident
• Age: You must be at the age of majority for your province of residence…

In accordance with HMRC regulations, any individual who is a resident for tax purposes in the UK and over the age of 18 is eligible to open a stocks and share ISA.

Additional Information…

Canadian Revenue Agency ("CRA") regulations place restrictions upon the types of positions that may be held in RSP/TFSA/FHSA/RRIF accounts with eligibility limited to those meeting the definition of a "Qualified Investment". Positions held in such accounts that do not meet this definition are referred to as "Non-Qualified Investments" and are subject to a CRA tax equal to 50% of the fair market value of the property at the time it was acquired or it became Non-Qualified…